What Is IRS Form 1096?

Save
Even tax exempt organizations must file forms with the IRS.
Even tax exempt organizations must file forms with the IRS. (Image: Image by Flickr.com, courtesy of Jek Bacarisas)

Although non-profit organizations do not have to pay income taxes, they do have to send forms to the IRS for informational purposes. Exempt organizations with employees have the same tax reporting responsibilities as for-profit companies. IRS Form 1096 is vital to this process.

Purpose

Form 1096 is used to summarize the information from a variety of forms a tax exempt organization submits to the IRS.

Forms

A 1096 is used if an organization must submit form 1098, 1099, 3921, 3922, 5498, or W-2G to the IRS.

Filing

Only organizations that are mailing the forms to the IRS use Form 1096. Those that electronically file their forms don't send a Form 1096.

Compiling

A separate Form 1096 must be used for each type of form the organization submits. For example, one Form 1096 is prepared for an organization’s 1099s and another 1096 is prepared for their W-2Gs.

Due Date

The due date is included in the directions for the form. An organization filing tax year 2009 Forms 1098, 1099, 3921, 3922, or W-2G are due by February 28, 2011. Forms 5498, 5498-ESA, or 5498-SA are due by May 31, 2011.

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!